RNS Number:4298Q
UK Balanced Property Trust Ltd(The)
01 October 2003


                     THE UK BALANCED PROPERTY TRUST LIMITED

                    (Registered in Guernsey - Number 39171)

                               Registered Office:
                C/o BUTTERFIELD FUND MANAGERS (GUERNSEY) LIMITED
          P.O. BOX 211, BUTTERFIELD HOUSE, THE GRANGE, ST. PETER PORT,
                      GUERNSEY, GY1 3NQ, CHANNEL ISLANDS.
                          ___________________________

                          TELEPHONE: + 44 1481 720321
                          FACSIMILE: + 44 1481 716117
                             e-mail: Funds@bfmgl.gg


Immediate Announcement                                           01 October 2003


Net Asset Value

The Net Asset Value per share of The UK Balanced Property Trust Limited as at 30
September 2003 was 103.25 pence each. This Net Asset Value figure incorporates
the portfolio valuation conducted on 12 September 2003, and confirmed on 30
September 2003.

The Property Portfolio will next be valued by an external valuer on 5 December
2003 and the next quarterly Net Asset Value will be published in early January
2004. The net asset value attributable to the Ordinary Shares is calculated on a
capital basis under UK Generally Accepted Accounting Principles for investment
companies.


All Enquiries:


The Company Secretary
Butterfield Fund Managers (Guernsey) Limited
PO Box 211
Butterfield House
The Grange
St Peter Port
Guernsey
GY1 3NQ

Tel: 01481 720321
Fax: 01481 716117



                      This information is provided by RNS
            The company news service from the London Stock Exchange

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